The last day for the existing Coco’s will be Oct. 27, and opening date for the new Coco’s and its bar, the High Violet Lounge, is scheduled for Oct. 29.
Wick-Gagnet, who owns the restaurant with her husband Jim Gagnet, said the couple has decided to postpone any decision about what to do with the existing Coco’s building until after the first of the year. The restaurant has been for sale or lease, and Wick-Gagnet had said some restaurateurs had expressed interest in leasing the building.
Dayton city staffers have recommended that city commissioners approve the CityWide loan to Coco’s owners, citing the restaurateurs’ 20 years of business experience and that fact that Coco’s “is an established upscale restaurant that has been offering fine dining in Dayton for the past 12 years.” The recommendation from Assistant City Manager Shelley Dickstein also notes that the loan represents a relatively small proportion of the total project cost.
The move to the new Warren Street location will bring several advantages, Wick-Gagnet has said, including a threefold increase in dedicated parking spaces to 120; the addition of a special-events room that will seat up to 80 people; and the High Violet Lounge that will offer seating for about 62.
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